Metallic Pigments Market

Global Metallic Pigments Market Size, Share & Trends Analysis Report By Product, By Application (Paints & Coatings, Plastics, Cosmetics, Printing Inks, and Other Applications), By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-26107 Publication Date: December-2024 Number of Pages: 275
2023
2.03 Billion
2031
3.29 Billion
CAGR
6.4%
Historical Data
2020 to 2022

“Global Metallic Pigments Market to reach a market value of 3.29 Billion by 2031 growing at a CAGR of 6.4%”

Analysis of Market Size & Trends

The Global Metallic Pigments Market size is expected to reach $3.29 billion by 2031, rising at a market growth of 6.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 537,458.6 tonnes, experiencing a growth of 26.0% (2020-2023).

Using copper pigments in luxury goods and artistic materials has contributed to their market share. This segment thrives on the unique aesthetic qualities of copper, which are highly sought after in high-end markets. Innovations in pigment technology that improve the stability and brilliance of copper pigments are expected to drive further growth. Therefore, in 2023, the copper segment held 1/5th revenue share in the market. In terms of volume, 70,662.9 tonnes of copper pigments are expected to be utilized by the year 2031. Copper pigments are appreciated for their rich, lustrous color and find applications in decorative coatings, plastics, and cosmetics. Additionally, the trend toward eco-friendly and natural-looking finishes boosts the demand for copper pigments in various applications.

Metallic Pigments Market Size - Global Opportunities and Trends Analysis Report 2020-2031

The rise of online shopping and e-commerce platforms has made it easier for consumers to access various products, including those with metallic pigments. Showcasing visually compelling products online is crucial in attracting a global customer base. With growing disposable incomes and the increasing availability of international products, consumer industries increasingly incorporate metallic pigments to appeal to this tech-savvy and design-conscious industry. Thus, the expansion of global consumer industries and rising disposable incomes are driving the market's growth.  Additionally, the chemical industry’s role in developing more cost-effective, efficient manufacturing processes for metallic pigments has made them more accessible to a broader range of industries. As these pigments become more affordable and sustainable, their use is expected to grow in response to the rising demand from various consumer and industrial sectors. In conclusion, the rise of the chemical industry worldwide is driving the market's growth.

However, the complexity of the production process and the need for specialized equipment to create high-quality metallic pigments further contribute to the overall expense. Smaller manufacturers or businesses in developing countries may struggle to invest in the necessary infrastructure, making it challenging to compete in the market. These high production costs and expensive raw materials are significant barriers to the market growth of metallic pigments, particularly in economically constrained regions. Thus, high production costs and expensive raw materials are hindering market growth.

Driving and Restraining Factors
Metallic Pigments Market
  • Increasing Demand for Aesthetic and Visual Appeal
  • Expansion of Global Consumer Industries and Rising Disposable Incomes
  • Growth of the Chemical Industry Worldwide
  • High Production Costs and Expensive Raw Materials
  • Limited Color Range and Customization Flexibility
  • Growth of the E-Commerce Platform for Metallic Pigments Sales
  • Increased Adoption of Digital Printing and 3D Printing Technologies
  • Stringent Regulations on Chemical Usage and Toxicity Limits
  • Complex Manufacturing Process Limiting Large-Scale Production

Product Outlook

Based on product, the market is divided into aluminum, zinc, copper, stainless steel, and others. The zinc segment attained 26% revenue share in the market in 2023. In terms of volume, 262,081.7 tonnes of zinc pigments are expected to be utilized by the year 2031. Due to their excellent anti-corrosive properties, zinc pigments are primarily used in protective coatings and paints, especially for industrial and marine applications. The demand for zinc pigments is driven by their necessity in construction and infrastructure projects. As these projects expand globally, the need for durable, long-lasting coatings increases, making zinc pigments an essential component.

Metallic Pigments Market Share and Industry Analysis Report 2023

Application Outlook

On the basis of application, the market is segmented into paints & coatings, plastics, cosmetics, printing inks, and others. The paints & coatings segment recorded 45% revenue share in the market in 2023. In terms of volume, 371,730.6 tonnes of pigments are expected to be utilized in paints & coatings by the year 2031. The extensive use of metallic pigments in automotive, industrial, and architectural coatings drives this segment’s dominance. Metallic pigments in paints and coatings provide a shimmering effect, improved durability, and enhanced resistance to weathering and corrosion. The demand in this segment is bolstered by the ongoing growth in the construction and automotive industries, where aesthetic appeal and protective qualities are paramount.

Free Valuable Insights: Global Metallic Pigments Market size to reach USD 3.29 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated 43% revenue share in the market in 2023. This region’s dominance can be attributed to the rapid industrialization and urbanization in countries such as China, India, and Japan. These countries' burgeoning automotive, construction, and electronics industries have significantly increased the demand for metallic pigments, widely used in paints & coatings, plastics, and printing inks. Moreover, the region’s robust manufacturing base and numerous end-user industries drive the market growth. The rising disposable income and growing consumer preference for aesthetically appealing products also contribute to Asia's high demand for metallic pigments.

Metallic Pigments Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 2.03 Billion
Market size forecast in 2031 USD 3.29 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 6.4% from 2024 to 2031
Quantitative Data Volume in Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031
Number of Pages 275
Tables 590
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Product, Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Netherlands, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Egypt, and Rest of LAMEA)
Companies Included BASF SE, Umicore NV-SA, Saudi Basic Industries Corporation (SABIC), Asahi Kasei Corporation, Shepherd Chemical Company, Vibrantz Technologies Inc., Toyal America Inc., CARLFORS BRUK, Sun Chemical, SCHLENK SE
Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now

List of Key Companies Profiled

  • BASF SE
  • Umicore NV-SA
  • Saudi Basic Industries Corporation (SABIC)
  • Asahi Kasei Corporation
  • Shepherd Chemical Company
  • Vibrantz Technologies Inc.
  • Toyal America Inc.
  • CARLFORS BRUK
  • Sun Chemical
  • SCHLENK SE

Metallic Pigments Market Report Segmentation

By Product (Volume, Tonnes, USD Billion, 2020-2031)

  • Aluminum
  • Zinc
  • Copper
  • Stainless Steel
  • Other Products

By Application (Volume, Tonnes, USD Billion, 2020-2031)

  • Paints & Coatings
  • Plastics
  • Cosmetics
  • Printing Inks
  • Other Applications

By Geography (Volume, Tonnes, USD Billion, 2020-2031)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo